Amendment No. 2 to 2001 Stock Option, Deferred Stock and Restricted Stock Plan

Contract Categories: Business Finance › Stock Agreements
Summary

This amendment updates the 2001 Stock Option, Deferred Stock, and Restricted Stock Plan by adding a new annual limit. It states that no eligible employee may receive stock options for more than 1,500,000 shares in any fiscal year, with adjustments allowed as specified in the plan. The amendment is intended to set a clear cap on stock option grants to individual employees each year.

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EX-10.10(B) 4 dex1010b.htm AMENDMENT NO. 2 TO 2001 STOCK OPTION, DEFERRED STOCK & RESTRICTED STOCK PLAN Amendment No. 2 to 2001 Stock Option, Deferred Stock & Restricted Stock Plan

 

Exhibit 10.10(b)

 

Amendment No. 2

to

2001 Stock Option, Deferred Stock and Restricted Stock Plan

 

Section 5 of the Plan is amended by adding the following as new Section 5(j):

 

  (j) Annual Limit on Stock Options. The aggregate maximum number of shares of Stock underlying stock options granted to any Eligible Employee during any fiscal year shall not exceed 1,500,000 shares (subject to adjustment from time to time in accordance with the terms of this Plan).